The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More on this here.Earlier:Chinese Loan Prime Rates were set: 1year 3% v...

Summary:Inflation overshoot risk: Delaying necessary adjustments to monetary easing could cause prices to overshoot targets.Rapid price pass-through: The transf...

The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most close...

Bank of Japan Deputy Governor Himono is set to appear in the Japanese parliament from 0000 GMT (2000 US Eastern time). Meanwhile, fin min Katayama has trotted o...

Mon: CNB Minutes (Jun), Chinese LPR, Canadian Inflation (MayTue: BCB Minutes (Jun), Global Flash PMIs (Jun), US ADP Employment Change Weekly, Richmond Fed Index...

Rate hikes by year-endRBNZ: 62 bps (80% probability of rate hike at the next meeting)Fed: 38 bps (40% probability of rate hike at the next meeting)ECB: 37 bps (...

Full article hereECB's Wunsch said he would support another 25 bps hike if inflation data continues to come in stronger than expected, particularly after the re...

Inflation will be above 3% for the rest of this year It's hard to make a case that we shouldn't have hiked There is a fair amount of resilience in the Eurozone ...

The data is dovish on the surface but the BoJ is unlikely to read it that way given the context. Subsidies are doing the work of keeping core below 2%, not unde...

The overshoot warning is the sharpest language Himino has used across both sets of remarks on Friday and lifts the hawkish temperature of the session considerab...

The FX comments are the most market-relevant element of Himino's remarks and land with particular force given Thursday's USD/JPY spike to 161.80. By explicitly ...

The minutes are retrospectively hawkish given that the BoJ has since moved to 1.00%, validating the three dissenters who argued for exactly that level in April....